Binance Coin / Dollar may rise to 578.5 - 583.6

Our pivot point stands at 561.1.

Our preference

Rebound towards 583.6.

Alternative scenario

The downside breakout of 561.1 would call for 552.5 and 547.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 569.6 and 575.9).

Supports and resistances

593.9 **

588.8 *

583.6 **

578.5

568.3 last

564.4

561.1 **

552.5 *

547.4 **

Number of asterisks represents the strength of support and resistance levels.